Tripartite Template (TPT)
What is a Tripartite Template?
Often considered as Solvency II reporting for asset managers, the Tripartite Template (TPT) is a standardised reporting template that asset managers and custodians use to provide their insurance clients with information about the assets they manage on their behalf.
The data for TPT reporting can cover a wide range of asset classes, including equities, fixed income securities, alternative investments, and more. The goal is to capture information regarding the nature, quality, and risk profile of the assets held by insurers.
The frequency of TPT reports is typically quarterly or annually but is determined by regulatory authorities or by the contractual agreements between insurers and asset managers.
TPT Challenges
- Data consistency – with multiple data sources often required for TPT reporting, ensuring data accuracy and accurate capital calculations remain top of the list of challenges for asset managers.
- Manual report creation – many asset managers today are manually creating, populating and distributing TPT reports for their insurance clients. Not only is it time consuming, it is also prone to errors and delays.
- Regulatory monitoring – to stay up to date with Solvency II and Solvency UK Reform, regulatory monitoring is a must. TPT reporting is subject to change as the regulation evolves.
How does Clearwater Analytics help?
Clearwater provides a standalone platform to streamline Solvency II reporting for global asset managers with European insurance clients. Our world-class Client Services team provides quality and control checks so you can be confident in your TPT, QRT and SCR reporting.
Automated Multi-format Solvency II Reporting
- Coverage for Tripartite Template (TPT), Quantitative Reporting Template (QRT), Solvency Capital Requirements (SCR)
- Creation of reusable templates
- Workflow of checks and validations
- Document archiving
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